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Charles Handy described organisational culture as:
A. The way of the employees and their beliefs
B. An invisible bond which ties the people of the organisation together
C. The way we do things around here
D. Values embedded in an organisation
Answer: C

Which of the following statements is true:
I. The standard deviation of a short position is the same as the standard deviation of a long position II. The expected return of a short position is the same as that a long position in the same asset III. If two assets are perfectly positively correlated, then a short position in one and a long position in the other are negatively correlated IV. If we increase the weight of an asset in a portfolio, its correlation with other assets in the portfolio scales up proportionately
A. I and III
B. II, III and IV
C. II and IV
D. I, II, III and IV
Answer: A
Statement I is true as standard deviation is the root of the squared deviations, and is always positive, and identical regardless of the positions being long or short.Statement II is false as the expected return of a long position is exactly the negative of the expected return of the short position.Statement III is correct as a correlation of +1 between two long positions implies a correlation of -1 between one long and one short position. This is the basis of hedging, for example, of spot positions with futures.Statement IV is inaccurate.
The weight of an asset in a portfolio does not change the correlation of the asset with the portfolio, or with other assets.Therefore Choice 'c' is the correct answer.

You administer a Microsoft SQL Server 2008 R2 database instance. The service account used by SQL
Server services must not have administrative permissions.
You configure a new SQL Server Agent job to run every night. One of the steps in the job runs a
Powershell (Operating System - CmdExec) step. The job continuously fails on this step and throws the
following error message:
"The process could not be created for step 1 of job (reason: A required privilege is not held by the client).
The step failed."
You need to ensure that the SQL Server Agent Job executes successfully.
Which four actions should you perform in sequence? (To answer, move the appropriate actions from the
list of actions to the answer area and arrange them in the correct order.)
Select and Place:
ADM-261 Test Vce
ADM-261 Test Vce

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